IMMO GR.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO GR.
Largest movements
- Stocks and contracts -€190,588
down €190,588 (-17.7%), from €1.1m to €886,419
- Cash +€141,358
up €141,358 (+102%), from €138,948 to €280,307
mainly Stocks and contracts (+€190,588) and Net result for the year (+€139,613)
- Other debts -€189,840
down €189,840 (-6.8%), from €2.8m to €2.6m
- Profit (loss) carried forward +€139,613
up €139,613 (+5.6%), from -€2.5m to -€2.3m
- Gross operating margin +€134,904
up €134,904 (+667%), from €20,226 to €155,130
- Depreciation +€3,492
new in 2025: €3,492
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,484,978 | €2,414,614 | -€70,364 | -2.8% |
| Fixed assets | 21/28 | €1,243,784 | €1,242,958 | -€826 | -0.1% |
| Tangible fixed assets | 22/27 | €1,243,784 | €1,242,958 | -€826 | -0.1% |
| Land and buildings | 22 | €1,243,784 | €1,242,958 | -€826 | -0.1% |
| Current assets | 29/58 | €1,241,194 | €1,171,656 | -€69,538 | -5.6% |
| Stocks and contracts in progress | 3 | €1,077,007 | €886,419 | -€190,588 | -17.7% |
| Stocks | 30/36 | €1,077,007 | €886,419 | -€190,588 | -17.7% |
| Amounts receivable within one year | 40/41 | €23,955 | €4,208 | -€19,746 | -82.4% |
| Trade receivables | 40 | €23,955 | €4,208 | -€19,746 | -82.4% |
| Cash at bank and in hand | 54/58 | €138,948 | €280,307 | +€141,358 | +102% |
| Deferred charges and accrued income | 490/1 | €1,285 | €722 | -€562 | -43.8% |
| Total equity and liabilities | 10/49 | €2,484,978 | €2,414,614 | -€70,364 | -2.8% |
| Equity | 10/15 | -€317,220 | -€177,606 | +€139,613 | +44.0% |
| Contributions | 10/11 | €2,156,674 | €2,156,674 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,476,372 | -€2,336,759 | +€139,613 | +5.6% |
| Amounts payable | 17/49 | €2,802,198 | €2,592,220 | -€209,977 | -7.5% |
| Amounts payable after more than one year | 17 | €985 | €0 | -€985 | -100% |
| Other amounts payable | 178/9 | €985 | €0 | -€985 | -100% |
| Amounts payable within one year | 42/48 | €2,798,657 | €2,590,166 | -€208,491 | -7.4% |
| Trade debts | 44 | €25,338 | €7,873 | -€17,465 | -68.9% |
| Suppliers | 440/4 | €25,338 | €7,873 | -€17,465 | -68.9% |
| Taxes, remuneration and social security | 45 | €1,199 | €13 | -€1,186 | -98.9% |
| Taxes | 450/3 | €1,199 | €13 | -€1,186 | -98.9% |
| Other amounts payable | 47/48 | €2,772,120 | €2,582,280 | -€189,840 | -6.8% |
| Accrued charges and deferred income | 492/3 | €2,555 | €2,054 | -€501 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,492 | +€3,492 | |
| Other operating charges | 640/8 | €11,171 | €11,679 | +€508 | +4.6% |
| Gross operating margin | 9900 | €20,226 | €155,130 | +€134,904 | +667% |
| Operating profit (loss) | 9901 | €9,055 | €139,959 | +€130,904 | +1,446% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €329 | €349 | +€20 | +6.0% |
| Recurring financial charges | 65 | €329 | €349 | +€20 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €8,726 | €139,613 | +€130,887 | +1,500% |
| Profit (loss) for the period | 9904 | €8,726 | €139,613 | +€130,887 | +1,500% |
| Profit (loss) for the period to be appropriated | 9905 | €8,726 | €139,613 | +€130,887 | +1,500% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.